By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – The naira on Wednesday strengthened by 0.35 percent to trade at N199 to one dollar ($1) at the close of the session. According to Investment One Research, the appreciation was supported by the regular $150 million month end oil flows. Similarly, the Nigerian […]
Money Market
Naira Trades in Black Market 224/$1 as MPC Commends CBN on Defence Effort
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The naira on Tuesday traded N224 to a dollar as the Monetary Policy Committee (MPC) retained rate at 13 percent and commended the Central Bank of Nigeria (CBN) on its attempts to stabilise naira. According to Proshare’s daily exchange monitor, the naira exchanged at the […]
Don’t demand fees in dollars, CBN warns schools, landlords
The Central Bank of Nigeria on Tuesday warned schools, landlords and other business enterprises against demanding foreign currencies for the settlement of transactions carried out within the country. The CBN Governor, Mr. Godwin Emefiele, gave the warning while briefing journalists shortly after the end of the two-day Monetary Policy Committee […]
